Amazon becomes second company to hit $1 trillion value

Amazon becomes second company to hit $1 trillion value

On Monday a rise in the share price of Amazon, which is listed on the Nasdaq stock exchange in the U.S., briefly took it above the trillion-dollar watermark for the first time with the company's value hovering clse to.

On Tuesday, Amazon became the second US company to reach a market value of $1 trillion.

Amazon is the second publicly traded US company to hit $1 trillion, following Apple, which crossed the $1 trillion market cap in August.

Amazon has impressed investors by diversifying into virtually every corner of the retail industry, altering how consumers buy products and putting big pressure on many brick-and-mortar stores.

It also provides video streaming services and bought upscale supermarket Whole Foods.

"Amazon's a little bit more dynamic than Apple because the iPhone has become more mature".

Trump Warns Syria’s Assad, Russia, Iran Not to ‘Recklessly Attack’ Idlib
It is also a hub for the Iranian Qods Force, which has propped up the Assad regime during the seven and a half years of the war. About four explosions were heard coming from the direction of the military airport Saturday, a Damascus resident told CNN.

In the second quarter the unit accounted for 55 percent of Amazon's operating income and 20 percent of total revenue, according to Morgan. The company makes 49 cents of every e-commerce dollar spent in the US, employs more than 550,000 people and reels in $178 billion in annual revenue, according to the New York Times. And they first hit $1,000 on October 27, 2017.

Amazon.com founder and CEO Jeff Bezos.

Amazon's shares debuted at $18 on May 15, 1997.

The Seattle-based company's stock has grown over 70 percent year-to-date, and has gained over 3,000 percent in the past decade.

Amazon saw its quarterly profit soar past $2 billion for the first time earlier this year as the online shopping, cloud computing and advertising businesses all kept growing.

Related News:

  • The latest Pixel 3 leak came from the back of a Lyft

    The latest Pixel 3 leak came from the back of a Lyft

    The Pixel 3 XL , on the other hand, is said to be powered by a Qualcomm Snapdragon 845 processor with 4GB of RAM. The device is supposedly a pre-production unit and was found after a Lyft driver checked his backseat.
    Two Malaysian women caned publicly for same-sex relations

    Two Malaysian women caned publicly for same-sex relations

    But instead, campaigners say the environment for homosexuals appears to have deteriorated markedly in the mult-ethnic country. They were caned at the Sharia High Court in Kuala Terengganu, state capital of Terengganu, a court official confirmed to AFP.
    Putin to hold talks with Erdogan at Tehran Syria summit

    Putin to hold talks with Erdogan at Tehran Syria summit

    Erdogan also said recent United States sanctions imposed on Turkey showed Washington was behaving like "wild wolves" . That prompted Ankara to impose similar measures on several United States products.
  • Le'Veon Bell Not At Steelers' Practice, GM Releases Statement

    Le'Veon Bell Not At Steelers' Practice, GM Releases Statement

    Bell and Steelers wide receiver Antonio Brown arguably are the best players at their respective positions. Tomlin also said he is more comfortable about his running back depth than at this point past year .
    Trans Mountain suspending expansion construction activities

    Trans Mountain suspending expansion construction activities

    He said he expects the Kinder Morgan sale to be finalized on Friday and called it a good financial decision. The TMP carries oil from Edmonton to Burnaby, and the expansion would triple the capacity of oil exports.
    Lucy Mecklenburgh says she hasn't slept in wake of CBB punch scandal

    Lucy Mecklenburgh says she hasn't slept in wake of CBB punch scandal

    Lucy Mecklenburgh has said that she hasn't been able to sleep after Roxanne Pallet accused her boyfriend Ryan Thomas of punching her.
  • George Bush turns candy man for Michelle Obama at senator McCain's funeral

    George Bush turns candy man for Michelle Obama at senator McCain's funeral

    Republicans maintain narrow control on the Senate, and Democrats are hoping to win control in the midterm elections in November. Having grown up in a military household-his father and grandfather were both four-star admirals in the U.S.

    Henry Cavill to star as The Witcher's Geralt

    As Variety reported exclusively past year , Lauren Schmidt Hissrich serves as executive producer and showrunner on the series. Fresh from a stand-out turn in Mission: Impossible - Fallout , Henry Cavill will be saddling up for the epic fantasy series.
    Democrats Denounce White House Decision to Withhold Kavanaugh Records

    Democrats Denounce White House Decision to Withhold Kavanaugh Records

    Some presidential records were withheld because they are "protected by constitutional privilege", according to Burck. Kavanaugh was nominated July 9, and his confirmation could tilt the balance of the Supreme Court for a generation.
  • Almost 90 elephants found dead near wildlife park in Botswana, conservationists say

    Botswana is home to the world's largest elephant population , but poachers have been finding their way into the country. The units have focussed much of their effort on the border regions, which have historically been more vulnerable.
    Nike teams with Colin Kaepernick in ad campaign National Football League  will hate

    Nike teams with Colin Kaepernick in ad campaign National Football League will hate

    The 30-year-old former San Francisco 49ers quarterback tweeted the above image Monday afternoon. The Nike adverts show Kaepernick with the slogan: "Believe in something".
    New Real Madrid Signing Opens Up About Taking No.7 Jersey

    New Real Madrid Signing Opens Up About Taking No.7 Jersey

    Gareth Bale netted Madrid's opener before on-loan Southampton striker Guido Carrillo levelled for Leganes from the penalty spot. The 25-year-old scored an impressive 21 goals in 45 appearances across all competitions for Lyon last season.


Most liked

Roger Federer's Incredible Around The Net Post Shot At The US Open
The third round was the end of the line for men's and women's fourth seeds from Germany - Alexander Zverev and Angelique Kerber. There was an also upset at Louis Armstrong Stadium as in-form Belgian Kiki Bertens fell to Czech teenager Marketa Vondrousova.

In U.S. Open Upset, Roger Federer ‘Couldn’t Get Air’
This graphic says it all, no? Millman fought back from being down a break early in the fourth set to force a tiebreak. But the 29-year-old Brisbane native with no titles to his name might have won his share of fans in NY .

Meghan McCain Glares At Vice President Mike Pence During Her Father's Funeral
Vice President Pence spoke at the Capitol on Friday, where the late Sen. Capitol Rotunda, where only 30 Americans have had the same honor.

Typhoon Jebi: Japan EVACUATIONS as deadly storm set to hit TODAY
Television footage showed waves pounding the coastline, sheet metal tumbling across a parking lot and a truck turned on its side. However, the ground remains saturated and many parts of Honshu remain flooded.

US Open 2018: Sloane Stephens beats Victoria Azarenka to reach fourth round
It seemed that now Nadal has nothing to hurt to calmly finish the match in their favor, but Khachanov was not planning to give up. The retractable roof on Arthur Ashe Stadium was closed because of light rain during the second set of defending U.S.

Djokovic through, could meet Federer
But Keys struck once more with a flurry of winners at 3-3, overpowering Cibulkova in that game to reclaim her break advantage. The biggest concern for Djokovic might well have been the conditions as the heat returned to NY after a few days of relief.

Woman with baby leads police on high-speed chase before crashing
Recently, the Texas Department of Public Safety presented a video of aviation operations at a Public Safety Commission meeting. Losing control of the vehicle, she crashed into another auto , before grabbing the baby in a auto seat and trying to escape.

Myanmar judge jails Reuters journalists for 7 years
Police officers asked the Reuters journalists to meet them over dinner on December 12, where they were handed rolled up documents. Wearing handcuffs and flanked by police, he addressed a cluster of friends and reporters. "We know we did nothing wrong".

Australian model Sinead McNamara found dead on billionaire's yacht 'died by hanging'
A doctor on board and port officials tried to save the young woman, but she died in a helicopter en route to an Athens hospital. The yacht must remain in port as investigators try to piece together what happened in her final hours, local media reports.

John McCain's friends defend Meghan McCain's Trump diss at funeral
Larson died in 2014, and McCain wrote in a recent memoir that he wanted to be buried next to his friend, "near where it began". McCain lost the Republican presidential nomination to Bush in 2000 and the presidential election to Obama in 2008.

One woman dead and three victims missing after Colorado River boat crash
None of the boaters were wearing life jackets, which aren't required but are recommended by authorities, Shuster said. Six other people were rushed to local hospitals with less serious injuries and another six sustained minor injuries.

Nick Foles to open season for Eagles
And the longer Wentz goes without medical clearance, the more likely it becomes Foles will be calling the shots against Atlanta. Wentz, the third-year quarterback from North Dakota State, underwent ACL and LCL repairs to his left knee on December 10.

CNN pulls Asia Argento episodes of ‘Anthony Bourdain: Parts Unknown’
Argento was one of the first women to accuse Harvey Weinstein of sexual assault and was a leader in the #MeToo movement. New sexual assault allegations against Argento have caused the network to pull those episodes.

China Wants to Combat Nearsightedness With Fewer Game Approvals
China has the largest video game market in the world, but the Chinese Government is clamping down on the booming industry. As Eurogamer reports , it is Chinese president Xi Jinping who is so concerned about the eyesight of children.

So, Trade Negotiations With Canada Are Going Great - Hit & Run
He said that NAFTA has had a "devastating effect on the working people of the this country for the last 25 years. However, Canada and the US did not meet the negotiating deadline, and talks are to continue this week.